Technip Energies and Petronas have signed a heads of agreement (HOA) on Nov.15 establishing a strategic collaboration framework for the further development and commercialization of carbon capture technologies.

These include Petronas’ Rotating Pack Bed assisted cryogenic CO2 recovery technology (CryoMin), and membrane based CO2 recovery technology (PN2).

“Collaboration is vital across the industry to accelerate energy transition,” Arnaud Pieton, CEO of Technip Energies, said. “This new partnership extends our historical collaboration with Petronas into technology development within energy transition, calling on Technip Energies’ extensive capabilities on decarbonization technologies. It will generate unique synergies by combining Technip Energies’ and Petronas’ respective experiences in the development of essential technologies for the capture and management of CO2. .”

Technip Energies and Petronas are committed to accelerating the transition to a net-zero carbon future through increasing innovation and fostering active technology collaborations.

Both companies will work together on furthering the development of carbon capture technologies as well as the associated services and equipment, in order to help operators reduce their assets’ carbon emissions in a sustainable manner.

“Petronas leverages on innovations in a holistic approach towards its Net Zero Carbon Emissions 2050 aspiration and has identified carbon capture, utilization and storage (CCUS) technologies among core enablers towards achieving the ambition,” Bacho Pilong, senior vice president of project delivery and technology at Petronas, said. “We are excited about the many possibilities to be created under this collaboration between two companies equally passionate about advancing technologies that will mutually progress our sustainability agenda. We also hope our synergy and the ensuing successes will spur similar partnerships that meet the triple bottom lines of profit, people and the planet for a better tomorrow”.

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